AM Jahid

Staff Reporter at The Daily Star, Bangladesh #10 years of experience #Expertise: digital and multimedia content production, fact checking, data analysis, social media management, search engine optimization.

Citizens Bank Managing Director Mohammad Masoom

Customers’ confidence and trust are our capital

The timing of Citizens Bank’s launch on July 3, 2022, could not be worse: Bangladesh was reeling from the twin crises of the coronavirus pandemic and the Russia-Ukraine war, and people’s confidence in the banking industry eroded owing to loan scams and irregularities.

1d ago

IMF suggests raising repo rate in Bangladesh

IMF suggests raising repo rate by 50 basis points by Dec

The International Monetary Fund (IMF) has suggested the central bank raise the policy rate by 50 basis points by December this year since its monetary tightening is yet to rein in inflation.

6d ago

IMF suggests reducing agricultural subsidies in Bangladesh

IMF charts path out of farm subsidy

The International Monetary Fund has suggested an alternative to reducing agricultural subsidies -- raising fertiliser prices and providing cash or vouchers for certain farm inputs to support poor farmers.

6d ago

ADP spending in July-May hits four-year low

Spending under the annual development programme (ADP) hit a four-year low in the first 11 months of the current fiscal year, owing to a slower implementation rate centring the national elections.

1w ago

Islamic banks’ liquidity plummets 77% in 3 months

Liquidity at Islamic banks in Bangladesh has decreased drastically, deepening a lingering cash crunch at the crisis-hit Shariah-based banks.

1w ago

Bangladesh Remittance from top 10 countries

UAE emerges as top remittance source for Bangladesh

Bangladesh received the highest remittance from the United Arab Emirates in the first 10 months of the outgoing fiscal year, well ahead of traditional powerhouses such as Saudi Arabia and the United States, central bank figures showed.

1w ago

Where can you buy cattle without cash this Eid?

Anyone unwilling to deal with the hassle of carrying a large amount of cash to buy sacrificial animals for Eid-ul-Azha can now make their life easier by visiting a cattle market offering cashless transaction facilities.

3w ago

Challenges in Bangladesh budget FY2024-25

Solutions not offered

The proposed budget for 2024-25 lacks creativity and offers no solutions to the many complex challenges facing the country’s economy, economists have said.

3w ago

May 12, 2024

Poverty reduction rates arithmetically correct. Do they reflect reality?

Bangladesh is doing better than many countries in reducing poverty. However, questions remain whether the data about poverty alleviation match reality, according to Prof Joe Devine, an expert on poverty, inequality, and vulnerability

May 12, 2024

Private sector short-term foreign debt decline in Bangladesh

Private sector's short-term foreign debt drops

The debt stood at $11.04 billion in March, $11.07 billion in February and $11.25 billion in January, according to Bangladesh Bank.

May 3, 2024

payment period for raw material imports extended

Half of remittances came thru Islamic banking in Dec

Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.

May 1, 2024

More exchange rate flexibility needed

Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.

April 24, 2024